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Limited Company

A limited company is a company ‘limited by shares’ or ‘limited by guarantee’.

Limited by shares companies are usually businesses that make a profit. This means the company:

  • Is legally separate from the people who run it
  • Has separate finances from your personal ones
  • Has shares and shareholders
  • Can keep any profits it makes after paying tax

Limited by guarantee companies are usually ‘not for profit’. This means the company:

  • Is legally separate from the people who run it
  • Has separate finances from your personal ones
  • Has guarantors and a ‘guaranteed amount’
  • Invests profits it makes back into the company

When setting up a Limited Company, you must remember, the Company is its own entity.

As a Director of the Company, you are responsible;

  • To run the Company in accordance with the Articles of Association
  • Keep Company records and report changes
  • File your accounts and Company Tax return

We help you to understand how to take money out of the Company;

  • Salary
  • Expenses
  • Dividends

SERVICES

Bookkeeping services

This is where we collate your receipts and summarise your transactions so you can see how much
money your have coming and going out of your business.

If doing your book keeping is taking time away from building your business, you need to outsource it so you can focus on what you enjoy doing!

If you’re just starting out, let us know and we’ll send you templates that you can use to store your
information.

Accounts, Tax Returns & Self Assessment

This is where we prepare and submit your information to HMRC and advise how much tax is due for the year.

We prepare a set of accounts as it’s important to understand how well your business is doing.

We use the information from your accounts to complete your tax returns/ self assessment ready for submission to HMRC.

Payroll Services

We deal with your Company’s employees’ salaries from set up to calculating and making payment directly into their bank account.

We liaise with HMRC on your behalf so you can enjoy receiving your income into your bank account each month.

VAT Returns

VAT is payable to HMRC when your sales/ turnover is £85,000 or over. We take care of the calculation and submission so you remain compliant, giving you peace of mind.

Business Start- up

Are you thinking about starting up in business? Do you want to build it alongside your current job or are you looking to jump straight in, we can help you make the right decision for you.

We help with planning your business, discussing what the right structure and discuss how you can make it work for you. Just get in touch and we can have a chat.

Growth Advice

Are you busy in your business but you’re not sure how well you’re doing? Have you grown faster than you anticipated and your accounts are in a mess? You may have a great idea but you’re not sure how to build your business.

We work with you to bring your accounts up to date so we have a starting point to enable us to plan how to build your business on a timeline that is right for you.

Management Accounts

We prepare monthly management accounts so you can see how well your business doing each month. We calculate the most relevant key performance indicators so that you can make informed decisions on how to move your business forward.

Identifying revenue streams

We look to introduce new revenue streams into your business, whether that is looking at add on products or potential collaboration with other businesses.

Cost Analysis

We find out if you’re charging the right price for your products/ services. So many business owners under value their products/ services, we make sure you’re not one of them.